U.S. winter wheat crop in poor condition - Reuters analysts

The U.S. Department of Agriculture said that as of April 3, 30% of U.S. winter wheat was in good to excellent condition, well below trade expectations: 40% и 53%.

La Niña conditions (low rainfall due to colder-than-normal Pacific waters) are expected to remain through the summer in the U.S., meaning low yields.

U.S. farmers appear to have planted the largest acreage of winter wheat in six years, making the country's crop situation much more difficult.